Innovation Lifecycle Management: Sustainable Procurement

The adoption and implementation of Corporate Social Responsibility (CSR) concepts into your procurement processes and decision-making while also guaranteeing that they fulfill the needs of your organization and its stakeholders is what sustainable procurement is all about. Sustainable procurement can have a good effect on patients’ health, communities’ health, and the environment’s health. The primary environmental implications, essential social factors, most effective means of validation, and knowledge on the accessibility of sustainable materials and lifetime costs are all covered by the sustainable procurement guidelines. Sustainable procurement policy is, therefore, necessary to regulate the procurement of innovations in this sector and ensure sustainable buying practices to be implemented by organizations.

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